Gingrich: Obama's Secret Goal is $9 Gas

Former House Speaker Newt Gingrich slammed the Obama administration’s handling of rapidly escalating gas prices, saying that he believes the president’s ultimate goal may be to use $9 a gallon gas to revamp the economy along European lines

“This president and his secretary of anti-energy, Dr. Chu, have as a goal getting us to pay European-level prices of $8 or $9. Dr. Chu was clear about that before he became secretary. He wants us to get to be a European-level price structure of $8 or $9 a gallon,” Gingrich told “This Week” host George Stephanopoulos.

“He said this week, in testifying in the House, he has ‘no intention of trying to lower the price of oil or the price of gasoline,’" Gingrich added. "The American people on the other hand would much rather pay $2.50 and be independent of Saudi Arabia than be where we are today. ”